TORONTO -- (MARKET WIRE) -- February 12, 2007 -- Blackout Media Corp. (PINKSHEETS: BKMP) -- On
February 9th, 2007 the Board of Directors of Blackout Media Corp. approved
the conversion of the preferred shares (that shareholders received as a
result of the dividend in September 2006) of Blackout Media Corp. to
restricted Common stock of the company.

The conversion is as follows:

For every 1,000,000,000 (1 billion) preferred shares of Blackout Media you
own you have the right to buy 1,000,000 restricted common shares of
Blackout Media (BKMP) Corp. stock along with the payment of $150.00 to
Blackout Media Corp.

To help explain this conversion here is an example:

Let's assume you own 10,000,000,000 (10 billion) preferred shares and you
wanted to convert all them into restricted common stock.

10,000,000,000 entitles you to convert to 10,000,000 restricted common
shares plus the payment of $1,500.00.

This is how the math works:

10,000,000,000 / 1,000,000,000 = 10

(This is how many 1 million shares you can buy by converting you preferred
shares)

10 x 1,000,000 = 10,000,000

(This is how many restricted common shares you would get if you converted
all your preferred shares to restricted common shares)

10 x $150.00 = $1,500.00

(This is how much you need to send to the company to pay for the
conversion)

If you are interested in converting your preferred shares to restricted
common shares you need to send your preferred shares to the transfer agent
along with your payment.

The payment MUST be made out to the transfer agent not to Blackout Media
Corp. as they will be acting as the agent on this conversion for the
company and handling the entire transaction.

A letter to the shareholders will be mailed out this week further
explaining the opportunity to convert your preferred shares to restricted
common shares.

This is a mandatory conversion -- but should you not exercise your right to
convert then on April 30th, 2007 your preferred shares become null and
void.

But if you are interested in doing this you MUST do it by April 30th, 2007
after which the company will no longer accept your preferred shares for
conversion and they will become worthless.

One final point that needs clarification is if shareholders have less then
one billion (1,000,000,000) preferred shares the company is allowing you to
convert as if you had the minimum preferred shares for conversion being the
one billion (1,000,000,000) preferred shares. This allows a shareholder to
purchase one million (1,000,000) restricted common shares for $150.00. In
addition should any shareholder have an in-between amount of preferred
shares they are allowed to round up to the next billion for conversion
purposes only. In other words -- you can round up your preferred stock to
the next billion shares for conversion purposes to allow you to maximize
the amount of restricted common stock you can purchase through this
process.

About Blackout Media Corp.:

Blackout Media Corp. is a holding company with an interest in Blackout
Communications who is a diversified media and entertainment company
conducting operations in digital television, VOD, PPV, radio the Internet
and print under the brand name "The Fight Network." The activities of
Blackout Media Corp. are conducted principally in Canada and the United
States.

Safe Harbor

Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to
the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives of
the company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially
from those anticipated in such statements. Technical complications that may
arise could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The company cautions that these
forward-looking statements are further qualified by other factors. The
company undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information, future
events or otherwise.